UK
Sector: Finance
New accounting salary survey shows where to make money in finance
Accountants do not earn as much money as bankers. But they still earn a lot. According to the latest salary survey from the Institute of Chartered Accountants in England and Wales (ICAEW) which has 140,000 members around the world (albeit mostly in the UK), there are plenty of qualified accountants who earn six figures, with […]
Getting Qualified for an Accountancy Job May Be Easier Than You Think
If you want a job in financial services but don’t feel inclined to spend 300 hours studying for each three levels of the Chartered Financial Analyst (CFA) qualification, you could always opt for the ACCA (Association of Chartered Certified Accountants) accounting qualification instead. Like the CFA exams, ACCA exams can be prepared for on a distance […]
Banks want to pay zero bonuses to back office staff says McLagan
If you work behind the scenes in an investment bank, in say a risk or compliance or operations job, you may not get a bonus this year. On the other hand, if you’re a big revenue earner in M&A or sales or trading and you work at a US bank, it seems you may possibly […]
GUEST COMMENT: In praise of investment banking job cuts
So, UBS has been the first to break ranks and take the axe to its investment banking operations? It can only be a matter of time before another bank follows. As a investment banking professional working in London, you might think that I would condemn the cuts. In fact, I welcome them. This industry has […]
GUEST COMMENT: Got an ACA? Want to move from audit to banking? Set your expectations low
If you’ve completed an ACA qualification, you will by necessity have combined your studies with a three year apprenticeship in practice-based audit. This being the case, you are probably now chomping at the bit to move into something more exciting. Like investment banking. The bad news is that investment banks are far less keen on […]
Ernst & Young is actually hiring 20,000 people in EMEIA in 2013
Tens of thousands of financial services jobs are going in London according to the CEBR. UBS alone is cutting several thousand people, Standard Bank is cutting a few hundred, Credit Suisse is cutting anything from 750-3,000. But Ernst & Young is hiring. We reported a few weeks ago that Ernst & Young was planning to […]
GUEST COMMENT: If you’re thinking of emigrating, this is what you need to know about the Singaporean financial services job market
Singapore: outlook unclear Here’s our take on the job market in 2012 after speaking to employers and candidates in Singapore financial services. Redundancies This last round of banking redundancies has hit hard; consistently throughout the year our clients have announced more and more cuts. The usual bottom 10% of performers were let go, but this […]
Bad news for accountants in banks: there are few jobs and no bonuses until VP level. This may change
If you have an ACA and you’re hoping to move into an investment bank, you haven’t chosen the best moment to do so. As we suggested a few months ago, banks’ ACA hiring appetite has turned sparrow-like. Investment banks simply aren’t sucking in accountants the way they did in the past. “Banks that used to […]
Out of work? Happen to have an accounting qualification? You are desperately wanted here
Investment banks’ appetite for product controllers isn’t what it was. Where, once, investment banks would hoover up many tens of fresh ACAs, finance recruiters say they’re now hoovering up a handful. Where, once, banks would bid heavily for fresh product controllers, pay is now festering. Where, once, product controllers could move into the front office, Kweku Adoboli has – in […]
Statistically, these are investment banking and financial services jobs you can most easily move into now
You would not want to be looking for a job in equity sales in London now. On the other hand, despite presentiments that M&A redundancies might be coming, you would want to be looking for a job as an associate in M&A. This is what our analysis suggests. We’ve looked at the number of UK […]
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